The Global LNG Bunkering market is expected to grow from $248.64 million in 2016 to reach $8187.35 million by 2023 with a CAGR of 64.7%. Growing marine logistic business, cost efficient LNG products, and imposing environmental regulations on chemical emissions are some of the factors bolstering the market growth. In addition, easy deployment facility is another factor fuelling the market growth. However, higher capital investments, poor bunkering infrastructure are the factors inhibiting the market growth.
Offshore Support Vessels (OSVs) segment is anticipated to be the largest market for the global LNG Bunkering market during the forecast period. The growth is attributed to feasible operations during shipping and loading. Moreover bulk and general cargo fleet segment is anticipated to register higher CAGR during the forecast period. Asia Pacific is expected to witness remarkable growth driven by increasing marine trade business.
Some of the key players in global LNG bunkering market include Bomin Linde LNG GmbH & Co. KG, Crowley Maritime, Eagle LNG, ENN Energy, EVOL LNG, Fjord Line, Gasnor AS, Gazpromneft Marine Bunker LLC, GDF SUEZ SA, Harvey Gulf International Marine LLC, Korea Gas Corporation, Polskie LNG, Prima LNG, Royal Dutch Shell Plc, and Skangass AS.
Products Covered: Portable Tanks,Ship-to-Ship,Port-to-Ship,Truck-to-Ship.
End Uses Covered: Ferries,Cruise-ships,Bulk and General Cargo Fleet, Container Fleet, Offshore Support Vessels (OSVs), Tanker Fleet, Other End Uses .
Regions Covered: North America, US, Canada, Mexico, Europe, Germany, France, Italy, UK, Spain, Rest of Europe, Asia Pacific, Japan, China, India, Australia, New Zealand, Rest of Asia Pacific, Rest of the World, Middle East, Brazil, Argentina, South Africa, Egypt .
What the report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Market Trend Analysis
- Introduction
- Drivers
- Restraints
- Opportunities
- Threats
- Product Analysis
- End Use Analysis
- Emerging Markets
- Futuristic Market Scenario
2017-2023 Bunker Fuel Global Market Outlook:
The Global Bunker Fuel Market is expected to grow from $98,100 million in 2016 to reach $1,47,008.89 million by 2023 with a CAGR of 5.9%. Growing demand in oil & gas sector for offshore exploration and extraction activities, raise in ocean-borne field and increasing support from government are some of the key factors propelling the market growth. However, policies like fuel reduction and replacement of fuel by LNG are the major factors restricting the market size.
Based on the end user, container vessels segment is estimated to lead the market during the forecast period as the container vessels require less manpower than cargo vessels. The European region is witnessing high growth rate due to existence of busiest trade routes and choke points in the region.
Some of the key players in Global Bunker Fuel Market include Royal Dutch Shell Plc, KPI Bridge Oil A/S, Gazpromneft Marine Bunker LLC, GAC Bunker Fuels Ltd, Exxon Mobil Corporation, Chemoil Energy Limited, Bunker Holding A/S, BP PLC, Bomin Bunker Oil Corp, Aegean Marine Petroleum Network, Inc., Lukoil-Bunker LLC and World Fuel Services Corporation.
End Users Covered: Oil Tanker, General Cargo, Gas Tanker, Fishing, Container, Chemical Tanker, Bulk Carrier, Other End Users.
Types Covered: Residual Fuel Oil, Distillate Fuel.
Fuel Grades Covered:Marine Diesel Oil (or) Marine Gas Oil(MDO/MGO),Intermediate Fuel Oil (IFO) 180,Intermediate Fuel Oil (IFO) 380,Intermediate Fuel Oil (IFO) 500,Intermediate Fuel Oil (IFO) 700,Low Sulfur (LS) 380,Low Sulfur (LS) 180.
Commercial distributors Covered: Small Independent, large Independent, Major Oil Companies.
Regions Covered: North America, US, Canada, Mexico, Europe, Germany, France, Italy, UK, Spain, Rest of Europe, Asia Pacific, Japan, China, India, Australia, New Zealand, Rest of Asia Pacific, Rest of the World, Middle East, Brazil, Argentina, South Africa, Egypt.
Company Profiles
- Royal Dutch Shell Plc
- KPI Bridge Oil A/S
- Gazpromneft Marine Bunker LLC
- Gac Bunker Fuels Ltd
- Exxon Mobil Corporation
- Chemoil Energy Limited
- Bunker Holding A/S
- BP PLC
- Bomin Bunker Oil Corp
- Aegean Marine Petroleum Network, Inc.
- Lukoil-Bunker LLC
- World Fuel Services Corporation
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Source: Orbis Research
